"I believe that we have reached an agreement that acknowledges the tragic nature of Mr. Garner's death while balancing my office's fiscal responsibility to the city," Stringer said of the pre-litigation settlement. The city has not admitted any liability for the death.

Garner's estate filed a claim against the city in October for damages related to his death.

In cellphone video of the Garner incident, one of the NYPD officers, Daniel Pantaleo, is seen placing his arm around Garner's neck and then taking him to the ground after Garner refuses to be handcuffed. Garner is heard saying repeatedly, "I can't breathe!" He died a short time later.

The announcement of the settlement came after a report that Garner's family had rejected an earlier officer of $5 million, according to CBS New York.

Stringer's office had pushed since December to settle the case before it goes to court. Garner's family had initially planned to sue the city for $75 million.

The New York City Medical Examiner's office ruled Garner's death a homicide, caused by the officer's apparent chokehold as well as chest and neck compressions and prone positioning "during physical restraint by police."

An independent forensic investigator hired by the Garner family agreed with the medical examiner's findings.